FTC Buys More Time for Intel Antitrust Settlement

Pulkit Chandna

The Federal Trade Commission (FTC) has extended its deadline for settling an antitrust lawsuit against Intel. The deadline, which was due to expire on Friday, has been extended by a fortnight. The two parties now have until 12:01 a.m. on Friday , August 6 to reach a settlement through ongoing parleys.

FTC filed an antitrust lawsuit against Intel back in December, 2009, saying that the chip maker “engaged in a deliberate campaign to hamstring competitive threats to its monopoly.” It also alleged that the company influenced PC manufacturers by adopting a carrot-and-stick policy.

The concerned suit was filed just about a month after Intel agreed to settle all its antitrust and patent cross-licensing disputes with rival AMD. The settlement cost the Santa Clara chip maker a whopping $1.25 billion.

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